opened property sector: Actually, the country has already moved to relax controls on foreign investment in the real estate sector, according to Global Times China. The announcement of a revised foreign investment catalogue in March partially opened the property sector to foreign investors. The report suggests that Premier Li Keqiang might have meant his response to a housing market-related question raised by a foreign journalist at the conclusion of the annual session of the parliamentary body in mid-March."You are welcome to buy a house in China," Li said. But home purchases by overseas investors are still subject to various restraints. The report came on the same day when the National Bureau of Statistics announced housing prices for 70 major cities in May, with signs of a recovery seen mainly in first-tier cities. The Thursday report, if confirmed, would substantially remove those restraints, potentially welcoming more investment into the property market.
(news.financializer.com). As
reported in the news.
Tagged under opened property sector, foreign investors topics.